Cayman Islands
Answer ... Under the law of the Cayman Islands:
- succession to immoveable property is governed by the lex situs (ie, the place where the property is situated); and
- succession to moveable property is governed by the law of the deceased’s domicile at the date of death.
Thus, the applicable succession rules will often be governed by the laws of another jurisdiction, depending on the type and location of property and the jurisdiction of the deceased’s domicile.
Cayman Islands law confers complete freedom of testamentary disposition on individuals. The Succession Act (2006 Revision) and the Probate and Administration Rules (2008 Revision) prescribe the procedures for obtaining grants of representation in the Cayman Islands: no person, other than a person acting as agent of necessity, may take possession of, administer, distribute or otherwise deal with any part of the estate unless a grant has been obtained from the Grand Court. This applies to all forms of property situated in the Cayman Islands at the date of death.
Cayman Islands
Answer ... As outlined in question 3.1:
- succession to immoveable property is governed by the lex situs (ie, the place where the property is situated); and
- succession to moveable property is governed by the law of the deceased’s domicile at the date of death.
As such, a conflict of laws will not ordinarily arise; however, if it did it, any such conflict would be determined in accordance with English common law principles.
Cayman Islands
Answer ... There is no forced heirship under Cayman law; however, as the applicable succession law will depend on the type and location of the property and the jurisdiction of the deceased’s domicile, the forced heirship rules of another jurisdiction could have application in the Cayman Islands.
Cayman Islands
Answer ... The Succession Act prescribes rules governing the devolution of estates on intestacy, which do not, however, apply to the Cayman-situated estate of persons who die while domiciled outside the Cayman Islands, unless the intestacy rules are made applicable under the doctrine of renvoi (a process by which the court adopts the rules of a foreign jurisdiction with respect to any conflict of laws).
If the intestate dies leaving a surviving spouse and issue, the surviving spouse takes all personal chattels and the residuary estate stands charged with the payment to the surviving spouse of the sum of KYD 20,000 or 50% of the net value of the residuary estate (whichever is the greater), plus interest at 5% per annum from date of death until payment. The remainder of the residuary estate is held on ‘statutory trusts’ for the issue of the intestate and, subject to that, for the surviving spouse for life.
If the intestate dies leaving a surviving spouse but no issue, the surviving spouse takes all personal chattels and the residuary estate is held absolutely as to 25% for the parents of the intestate and 75% for the surviving spouse. If there are no surviving parents of the intestate, the surviving spouse takes the whole of the residuary estate.
If the intestate dies leaving issue, but no surviving spouse, the residuary estate is held in statutory trusts for that issue.
Subject to the above, the intestacy rules go on to determine a ‘waterfall’ of persons entitled to the intestate’s residuary estate, either outright or on the statutory trusts (mutatis mutandis), being:
- the intestate’s parents or parent;
- siblings (full, then half);
- grandparents;
- uncles and aunts (full, then half); and
- ultimately, the Crown as bona vacantia.
Cayman Islands
Answer ... As there is complete testamentary freedom under Cayman law, the rules of succession cannot ordinarily be challenged; so any challenge to a deceased estate is more likely to be framed around the testator’s capacity, the validity of a will or the applicability of a particular jurisdiction’s succession rules.